Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Announced 6/7 but transaction 2/7.. After selling all that he still hold 9% of the company. And this is a shares buy back by the company which is a good thing.
They didn’t pay dividend since after 2011. You heard any news they will pay? Seems to me the directors earn their money through operation expenses BUT not to reward the investors. They are not alone and Bursa is full of such companies....simply click 10 companies and you will find 7 not paying dividends, poor market practice
Yes, that is very true. Most PLC do not pay dividend. I was talking about the shares buy back thingy. Some company practice this to give out dividends. I dont know for sure whether KNM want to do it. Maybe as a special dividend for now-former Group CEO
On 29 April 2020, a civil action was initiated against Lee Swee Eng for an alleged breach of section 188(2) of the Capital Markets and Services Act 2007 (CMSA) in respect of the disposal of KNM Group Berhad shares by Lee Swee Eng. The SC sought, among others, the following:
A declaration that Lee Swee Eng has contravened section 188(2) of the CMSA;
Payment of the sum of RM11,003,574.00 which is equivalent to three (3) times the amount of RM3,667,858.00 being the difference between the price at which the said shares were disposed and the price at which the said shares would have been likely to have been disposed at the time of the disposal, if the Inside Information had been made generally available;
A civil penalty of RM1,000,000.00;
An order that Chang Kee Soon be removed of directorship and management positions in any public listed companies in Malaysia;
An order that Lee Swee Eng be barred from being a chief executive or director from being involved in the management, directly or indirectly of any public listed company in Malaysia for a period of 5 years from the date of judgment;
An order that Lee Swee Eng be restrained from trading in any securities on Bursa Malaysia for a period of 5 years from the date of judgment.
Interest and Costs.